Bitcoin outperforms Layer 1s SOL, ETH, DOT, BNB, ATOM in December

In December, Bitcoin outperformed the native tokens of the Solana, Ethereum, Polkadot, Binance, and Cosmos ecosystems, according to data analyzed by CryptoSlate. The post Bitcoin outperforms Layer 1s SOL, ETH, DOT, BNB, ATOM in December appeared first on CryptoSlate.

Timeline of Cosmos, Bnb, Bitcoin, Polkadot-new, Ethereum, Solana

Bitcoin investor sentiment had wavered following the implosion of the FTX crypto exchange. This had sent market sentiment to one of its lowest points for the year 2022, falling deep into the ‘Extreme Fear' territory.

Bitcoin (BTC) has once again reclaimed the crucial $18,000 level after weeks of consolidating around $17,000. Indeed, bulls have taken advantage of the positive Consumer Price Index (CPI) and inflation data to overpower the bears.

Following weeks of consolidation, bitcoin and other cryptocurrencies have started to bounce back after the positive Consumer Price Index data release. BTC is currently trading above 18,000.

Crypto markets swelled ahead of the Fed's final interest rate decision of the year — a 50 basis point hike is expected. The post Bitcoin trades around $18,000, U.S. dollar sinks as all eyes are on the Fed appeared first on The Block.

This week's CPI announcement was a significant relief for Bitcoin investors, as declining inflation would likely lead to a bullish trend for risk assets. However, there is still room for caution from a technical analysis standpoint, as the price has yet to break any major resistance level.

Panic around Binance reserve holding may not be necessary according to this analyst.  CZ weighed in stating that things are beginning to stabilize and deposits are returning to Binance.

BTC/USD Upside Momentum Rallies:  Sally Ho's Technical Analysis – 15 December 2022 Bitcoin (BTC/USD) worked to sustain recent upside gains early in the Asian session as the pair retained its bullish short-term outlook after trading as high as the 17999.99 area before coming off.  Bids emerged around the 17611.25 area when BTC/USD pulled back, above the 50% retracement of the recent appreciating range from 17089.17 to 17999.99.

The US Securities and Exchange Commission (SEC) has once again thrown hold water on Grayscale Investments' plants to convert its US$11bn Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF). It has been Grayscale's long-running ambition to convert its trust, which is the largest of its kind, into a spot ETF, but the SEC under chair Gary Gensler has shown little interest in approving the transition.

New Bitcoin (BTC) Price: In view of the last Federal Open Market Committee (FOMC) meeting on the rate hike, Bitcoin (BTC) price is one of the most anticipated metrics currently. For the first time in several months, there are high chances of the Fed announcing a rate hike in line with the market expectation of The post This Could Be Bitcoin (BTC) New Support Price If Fed Hikes Rate By 50 BPS appeared first on CoinGape.

Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, recorded gains, trading above the key $18,000 level on Wednesday. Ethereum (CRYPTO: ETH), however, traded slightly lower, but remained above the $1,300 level.